Question
(a) April Brown's filing status is head of household, and he has earned gross pay of $980. Each period he contributes $80 to a flexible
(a) April Brown's filing status is head of household, and he has earned gross pay of $980. Each period he contributes $80 to a flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $88,900...
Total Medicare Tax:
(b) Stephen Smith's filing status is single, and he has earned gross pay of $1,850. Each period he makes a 401(k) contribution of 6% of gross pay and contributes 2.3% of gross pay to a dependent care flexible spending plan. His current year taxable earnings for Medicare tax, to date, are $198,650.
Total Medicare Tax:
(c) Alex John's filing status is married filing separately, and he has earned gross pay of $1,780. Each period he makes a 403(b) contribution of 11% of gross pay and contributes $70 to a cafeteria plan. His current year taxable earnings for Medicare tax, to date, are $198,500.
Total Medicare Tax:
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